Australian Junk Silver

Australian Junk Silver primarily consists of pre-decimal coins. Many Australian coins minted prior to 1966 contain silver.

Prior to 1966, the Australian Pound was the currency of Australia. It was based on the British Pound, or pound sterling, and was similarly divided into 20 shillings. Each shilling was divided into 12 pence.

Australian Pre-Decimal Junk Silver Coins including the Crown, Shilling, 6 Pence and 3 Pence coins.
Australian Pre-Decimal Junk Silver Crowns, Shillings, 6 Pence and 3 Pence coins

The Australian Pound had a fixed exchange rate with the pound sterling.

In 1945 the fineness of Australian silver coins was reduced from .925 to .500.

In February 1966, Australia’s currency was switched from the Australian Pound to the Australian Dollar. The conversion granted a rate of 10 Shillings per dollar.

During the changeover in 1966, Australians were required to turn in their silver coins for new decimal issued coins. Millions of the pre-decimal silver coins were then melted down by the government.

Some people hoarded the coins, and many of those are now traded on the secondary market.

In general, Australian coins that were minted from 1910-1945 contain 92.5% sterling silver. From 1945 until 1963 they contain 50% silver. In 1966, the Australian 50 cent coin was minted from 80% silver.

Some of the early pre-decimal coins may have numismatic value to collectors that is greater than their intrinsic melt value.

The chart below shows the approximate silver weight of each coin, the silver percentage and the number of coins that you’d need per troy ounce. This will help you calculate the value of Australian Junk Silver.


Australian Junk Silver Coins by Weight

Silver Coin

Silver Content

Year of
Issue

Weight (grams)

Weight (troy)

Melt Value

3 Pence
92.5%
1910-1944
1.3
0.0418
$0.76
3 Pence
50%
1947-1964
0.71
0.0228
$0.41
6 Pence
92.5%
1910-1945
2.62
0.0842
$1.53
6 Pence
50%
1946-1963
1.42
0.0457
$0.83
Shilling
92.5%
1910-1945
5.23
0.1681
$3.06
Shilling
50%
1946-1963
2.83
0.091
$1.66
Florin
92.5%
1910-1945
10.46
0.3363
$6.12
Florin
50%
1946-1963
5.66
0.1820
$3.31
50 Cents
80%
1966
10.62
0.3414
$6.21
Crown
92.5%
1937-1938
26.15
0.8407
$15.30